Kimmel Accounting 6e ice Assignment Gradebook ORION Download

Kimmel, Accounting, 6e ice Assignment Gradebook ORION Downloadable eTextbook ment Brief Exercise 14-8 In alphabetical order below are current asset items for Roland Company\'s balance sheet at December 31, 2017. Accounts receivable Cash Finished goods Prepaid expenses Raw materials Work in process $217,000 77,000 100,000 52,000 86,000 90,000 Prepare the current assets section. (List Current Assets in order of liquidity.) ROLAND COMPANY Balance Sheet e to search

Solution

ROLAND COMPANY Current Assets Amount Cash $           77,000 Account Receivable $       2,17,000 Prepaid Expenses $           52,000 Closing Stock: Finished Goods $      1,00,000 Work in progress $          90,000 Raw materials $          86,000 $       2,76,000 Total $       2,76,000